Setting the right rent–preferably the first time around, is crucial to keeping rental properties profitable.
Online real estate marketplace Zillow has launched “Rent Zestimates,” a one-of-a-kind tool that can be used as a starting point for determining a home or apartment’s estimated monthly rent price.
Tenants and landlords alike can research estimated rent prices for more than 90 million homes and apartments across the country.
The tool can be especially helpful for “accidental landlords,” who don’t have a starting point to determine market rent. Zestimates allows landlords to compare their properties to others on the market to determine a realistic rental price.
Rent Zestimates offer a unique data point for landlords. Information includes a range for monthly rent, the rental price per square foot, and a 30-day change barometer.
If are an owner and need assistance with managmenet of your property please call us for a free property management consultation. We are a full service real estate company and we will be glad to assist you.